Political Quotes

“Mr. Speaker, I thank Chairman Pallone, Chairwoman Schakowsky, Representative McNerney, Ranking Member Rodgers, Ranking Member Bilirakis, and Representative Guthrie for bringing forward these key bills on technology. Emerging technologies like artificial intelligence, blockchain technologies, and cryptocurrency are playing a growing importance in our daily lives and are going to be an economic driver for the 21st century economy. Blockchain, in essence, is a fixed ledger. Once you add data or a transaction, it cannot be changed. Therefore, it makes the data have integrity and makes sure that, as we are doing transactions and adding data over the internet, it can't be changed and that there is certainty to it. That is why it is so critical. Then once we add AI to analyze this fixed data, we could help solve some of the largest problems that we face as a nation: healthcare, climate change, to be two examples; the delivery of personal protection equipment during a pandemic. And, of course, cryptocurrency allows for small businesses, in particular, to provide services across the world without the transaction costs of exchanging currencies. It will help with remittances and other ways that we can modernize our economy. It is essential that the United States continue to be a global leader in these emerging technologies to ensure our democratic values remain at the forefront of this technological development.…”